South Africa: Silk-Worm Cocoons Market 2024

Silk-Worm Cocoons Market Size in South Africa

In 2022, the South African silk-worm cocoons market increased by X% to $X, rising for the third year in a row after five years of decline. Overall, consumption, however, saw a pronounced shrinkage. Silk-worm cocoons consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Silk-Worm Cocoons Production in South Africa

In value terms, silk-worm cocoons production dropped notably to $X in 2022 estimated in export price. In general, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X,600%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

In 2022, the average yield of silk-worm cocoons (reelable) in South Africa amounted to less than X kg per ha, remaining relatively unchanged against the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of silk-worm cocoons (reelable) production in South Africa amounted to less than X ha, approximately mirroring the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern.

Silk-Worm Cocoons Exports

Exports from South Africa

In 2022, overseas shipments of silk-worm cocoons (reelable) increased by X% to X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, silk-worm cocoons exports surged to $X in 2022. Overall, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X kg) was the main destination for silk-worm cocoons exports from South Africa, accounting for a X% share of total exports. Moreover, silk-worm cocoons exports to Namibia exceeded the volume sent to the second major destination, Botswana (X kg), twofold. The third position in this ranking was held by Zimbabwe (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Namibia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Zimbabwe (X% per year).

In value terms, the largest markets for silk-worm cocoons exported from South Africa were Namibia ($X), Botswana ($X) and Zimbabwe ($X), with a combined X% share of total exports.

Among the main countries of destination, Botswana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average silk-worm cocoons export price amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (X%), while the prices for the other major destinations experienced a decline.

Silk-Worm Cocoons Imports

Imports into South Africa

In 2022, overseas purchases of silk-worm cocoons (reelable) decreased by X% to X kg, falling for the fourth year in a row after two years of growth. Overall, imports posted mild growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, silk-worm cocoons imports totaled $X in 2022. In general, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X kg) constituted the largest supplier of silk-worm cocoons to South Africa, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of silk-worm cocoons (reelable) to South Africa.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled X%.

Import Prices by Country

In 2022, the average silk-worm cocoons import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price faced a sharp contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :